Partnership Power of Attorney
Partnership Power of Attorney
This Power of Attorney ("Agreement") is made and entered into as of the [DATE] ("Effective Date"), by and between [YOUR NAME], an individual, with an address at [YOUR COMPANY ADDRESS] ("Principal"), and [AGENT NAME], an individual, with an address at [AGENT ADDRESS] ("Attorney-in-Fact").
I. Contract Negotiation and Execution
The Agent is authorized to negotiate and enter into contracts on behalf of the partnership, including but not limited to agreements with clients, suppliers, vendors, and other business partners. This includes the authority to sign contracts and other legal documents on behalf of the partnership
II. Deal Negotiation and Completion
The Agent is empowered to negotiate deals and transactions on behalf of the partnership, ensuring that all terms and conditions are favorable and in the best interests of the partnership. This includes the authority to finalize and close business transactions, such as acquisitions, mergers, or partnerships, as deemed appropriate.
III. Financial Management
The Agent shall have the authority to manage the financial affairs of the partnership, including but not limited to making payments, receiving funds, investing assets, and executing financial transactions on behalf of the partnership. This includes the authority to open and operate bank accounts, as necessary for the conduct of partnership business.
IV. Legal Representation
The Agent is authorized to represent the partnership in legal proceedings, arbitration, or mediation, and to engage legal counsel or other professionals on behalf of the partnership, as needed. This includes the authority to initiate or defend legal actions, resolve disputes, and protect the interests of the partnership.
V. Business Operations
The Agent shall oversee and manage the day-to-day business operations of the partnership, including but not limited to decision-making regarding business strategies, marketing initiatives, and operational activities. The Agent shall act in the best interests of the partnership and consult with the partners as appropriate.
VI. Duration and Revocation
This Partnership Power of Attorney shall remain in effect unless revoked by both partners in writing or upon the termination of the partnership. The Agent shall exercise the powers granted herein diligently and in good faith, always acting in the best interests of the partnership and by applicable laws and regulations.
Principal:
[Your Name]
Agent:
[Agent's Name]
WITNESS ACKNOWLEDGEMENT
We, the undersigned witnesses, certify that [Your Name] and [Agent's Name] have signed this Partnership Power of Attorney in our presence, and we believe them to be of sound mind and acting of their own free will.
Witness 1:
[Witness 1 full name]
[Date]
Witness 2:
[Witness 2 full name]
[Date]
NOTARY ACKNOWLEDGEMENT
On this day of in the year , before me, a Notary Public in and for said County and State, personally appeared [Your Name], known to me to be the person whose name is subscribed to the foregoing instrument, and acknowledged that they executed the same for the purposes therein contained.
Witness my hand and official seal.
[Notary Public's Name]
My Commission Expires:
